According to a commentary by Paul Chew from Phillip Securities Research, the S&P 500 index may face additional downside risks while oil prices continue to climb. The head of research noted that since the onset of the Middle East conflict, the S&P 500 has declined by 7.9% at its lowest point. In comparison, during the Kuwait War and the Russia-Ukraine conflict, the index fell by as much as 17% at its trough. Chew added that, as a result, there is "room for further declines, especially if oil prices keep rising."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments